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FY27 kicks off strong for carmakers as auto sales hit 450K
The industry continued to benefit from the tailwinds of GST 2.0...
$2.8 billion Baltimore Bridge settlement:Impacts on marine (re)insurance market
The vast majority of the $2.8 billion will be absorbed by the...
Unhealthy Indian Workforce: Chronic illness hits by 40, 1 in 5 employees seek mental health support
If left unaddressed, rising rates of chronic illness, mental health struggles, and unresponsive benefits systems will erode productivity, retention, and long-term growth. The data reveals an urgent need for integrated, preventive, and inclusive healthcare strategies...
1 June renewals: Rate moderation continues, with nuanced shifts across towers, reports Howden Re
The 1 June 2025 renewal reflects a market transitioning from disruption to disciplined recalibration. Whilst rate moderation continued, underwriting rigour persisted, especially in structurally challenged layers LONDON: Howden Re expected a continued moderation in...
Emerging Talent Trend: Skills to succeed in a changing insurance industry
In US insurance industry, data scientists are emerging as the fastest-growing segment,reflecting the industry’s shift toward technology and analytics-driven decision-making. The Shin Research study, released by the International Insurance Society(IIS), aims to provide...
Tokio Marine Group sets up a new unit to support green biz
Tokio Marine GX (TMGX) will offer up to $500 million on any single risk and is committed to becoming a prominent lead underwriter, applying decades of knowledge to ensure profitable and sustainable capacity through the green transition London: Tokio Marine Holdings,...
Sitharaman directs PSU general insurers to adopt AI-driven claim settlement systems swiftly, safeguard profitability
Finance minister Nirmala Sitharman chaired a review meeting of six Public Sector General Insurance Companies (PSGICs) in New Delhi today The importance of robust underwriting practices and portfolio optimisation was also highlighted by the FM with instructions to...
General re/insurers to spend Rs 400 cr over next 3-4 yrs in nationwide awareness campaign, Life insurers to follow soon
From L to R-Tapan Singhel, MD&CEO, Bajaj General Insurance, Mayank Bathwal, MD & CEO, Aditya Birla Health Insurance, Anuj Tyagi, MD & CEO, HDFC Ergo General Insurance at Shanai Ghosh, CEO & MD, Zuno General Insurance at at event in Mumbai to launch...
Royal Sundaram appoints Vedanarayanan Seshadri as its new MD
. Vedanarayanan Seshadri (Veda),MD&CEO, Royal Sundaram General Insurance This is the first time a CEO of a broking company has been appointed as a MD&CEO of a general insurance company. Veda, brings over 30 years of BFSI sector experience, including 15 years...
Promoting Mental Wellbeing: Investing in APAC Youths
Research shows that approximately half of all mental health conditions emerge by age 14, with 75% developing in the following decade. Among adolescents, mental health conditions now account for 15% of the global health conditions — a ratio significantly intensified by...
Boeing’s agreement with US Justice Department to avoid criminal charges for 2 fatal crashes of its 737 Max jets
The tentative agreement would allow require Boeing to contribute $444.5 million to a fund for families of victims killed in the crashes of Lion Air Flight 610 in October 2018 and Ethiopian Airlines Flight 302 in March 2019, according to the filing. Boeing also would...
Indian insurance market expands by 10.6% to $145 billion in 2024, Allianz report
While China (+7.8% p.a.) will continue to dominate the region in absolute terms, the real growth champion over the next decade is likely to be India (+10.5% p.a.) Mumbai: With a total premium income of USD 145 billion in 2024 , the Indian insurance market has showed...